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Is Morality-Based Islamic Economics an Answer to the Global Financial Crisis? by: Jean-Yves Moisseron, comment هل الاقتصاد الإسلامي القائم على الأخلاق هو الحل للأزمة المالية العالمية؟ جان ايف مويسرون - تعليق

Author

Listed:
  • Jean-Yves Moisseron

    (Researcher in economics at the Research Institute for Development and he teaches at the University Paris 1 Panthéon-Sorbonne and the School of Higher Studies in Social Sciences.)

  • Frederic Teulon

    (Professor of economics at the Higher School of Foreign Trade (CSEC). Department of Economics and Social Sciences at the Leonardo de Vinci University Center and he teaches at the Institute of Politic Studies, Paris.)

Abstract

The title of the paper deals with an important issue: Is moral Islamic economics an answer to the global financial crisis? When we look at the literature, we do not have too much to say to answer this question. It is first very rare to have a negative answer. Muslim economists would not answer this question in the negative and those who think that way will not publish their views. Positive answers can be found but once again they are often partisan answers based on the a priori belief that Islam is the solution for everything( ). If Islam is a solution, then logically Islamic finance is the solution for the financial crisis; charity is the solution for poverty, Islamic ethics concerning the environment is an answer to the climatic change and so on. Such a partisan point of view is hardly acceptable for the non-Muslim world. --

Suggested Citation

  • Jean-Yves Moisseron & Frederic Teulon, 2014. "Is Morality-Based Islamic Economics an Answer to the Global Financial Crisis? by: Jean-Yves Moisseron, comment هل الاقتصاد الإسلامي القائم على الأخلاق هو الحل للأزمة المالية العالمية؟ جان ايف مويسرون ," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 27(1), pages 125-138, January.
    • Handle: RePEc:abd:kauiea:v:27:y:2014:i:1:no:5:p:125-138
    DOI: 10.4197/Islec.27-1.5
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    References listed on IDEAS

    as
    1. Tripp,Charles, 2006. "Islam and the Moral Economy," Cambridge Books, Cambridge University Press, number 9780521682442.
    2. Tripp,Charles, 2006. "Islam and the Moral Economy," Cambridge Books, Cambridge University Press, number 9780521863773.
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